The expert reported on the impact of changes in family mortgages on housing demand

The expected July update of the terms of the Family Mortgage program will affect the structure of demand in the Russian real estate market. This opinion was expressed on May 4 by Svetlana Voevodina, Vice President of Sales at the Development-South Construction and Investment Corporation.

"Probably, in the long term, the key factor [for the formation of demand for real estate] will remain the parameters of government support. Starting from July 1, 2026, the conditions of the ["Family Mortgage"] program are expected to be tightened — a transition to a differentiated family mortgage rate is being discussed, depending on the number of children in the family. This may lead to additional segmentation of demand and a more targeted distribution of government support. It is the changes in the parameters of the family mortgage that determine the dynamics of demand to a greater extent today," she told TASS.

Vojvodina also noted that the market expects an increase in the limits under the Family Mortgage program from 6 million to 9 million rubles. According to her, this can empower buyers, especially in large cities, and support demand for better and more comfortable housing.

The expert added that the current dynamics in the real estate market is confirmed by statistics from the beginning of 2026, when a decrease in sales is recorded in a number of regions. In particular, 943 apartments were sold in the Krasnodar Territory in March compared to 1,343 in February, which is almost 30% less.

According to her assessment, the decrease in mortgage activity is not due to the deterioration of the terms of the program, but to its change, which is why the market needs time to adapt. It is also noted that in February, the number of preferential loans for family mortgages in the regions of the Southern Federal District and the North Caucasus Federal District decreased by more than 41% compared with January, which is attributed to a slowdown in mortgage portfolio growth at the beginning of the year.

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Sergei Mironov, chairman of the Fair Russia Party, said on April 23 that the State Duma had proposed to reset the mortgage rate for young large families. According to him, we are talking about families where the parents' age does not exceed 35 years and three or more children are being raised.